In Business: So You Want To Be a Landlord

It seems everyone in the building
business sooner or later gets involved
in rentals, assuming the role of a small
landlord.
Sometimes it's by design, but often
it's by necessity. Many are baptized as
landlords when they rent a spec house
that didn't sell. Others find themselves
with an older home they
acquired with a large tract to be subdivided,
which might be rented only
until they get permits and financing
for the property's eventual planned
use. And sometimes, when builders
construct or renovate a building for
their own office space, they add a
rental unit or two.
There are many advantages to being
a small landlord. For one, regular
rental income can improve cash flow.
Even if the rent